Tata Communications today announces its financial results for the quarter ended September 30th, 2019
Highlights | Q2 FY2020
Data services portfolio
Consolidated financial highlights
Consolidated Nos. | INR Crore | QoQ Growth | YoY Growth | USD Mn | QoQ Growth | YoY Growth |
Gross Revenue | 4,272.8 | 2.5% | 5.0% | 606.8 | 1.3% | 4.6% |
EBITDA | 833.7 | 1.0% | 32.3% | 118.4 | (0.3%) | 31.6% |
EBITDA margin | 19.5% | (30 Bps) | 400 Bps | 19.5% | (30 Bps) | 400 Bps |
PAT | 53.9 | (29.7%) | ↑ | 7.6 | (30.7%) | ↑ |
“As the market continues to evolve at an unprecedented rate, the need to accelerate digital transformation across all layers of the enterprise is the reality businesses face to remain competitive today. Our focus on providing digital infrastructure solutions that align with this customer need is showing results. This is evident in the growth and profitability of our Data business which now drives 79% of business revenues. By being a part of our customers’ digital journeys, we remain committed to steering the business towards sustainable profit and ultimately, demonstrable stakeholder value.”
A.S Lakshminarayanan, MD and CEO - Designate, Tata Communications
Commenting on the results, Pratibha K. Advani, Chief Financial Officer, Tata Communications, said, “We have witnessed a robust trend over last few quarters with strong financial performance delivered across all key parameters. Our Data business has continued to witness strong performance in revenue as well as profitability, despite industry headwinds. We have a strong order book and we expect this trend to continue as we keep executing on large deals.
Communication infrastructure needs of enterprises have evolved and digital transformation is the focus area. Robust growth in our Enterprise business of 10.8% shows that we have established ourselves as a preferred digital transformation partner.”
An investor fact sheet providing detailed analysis of the results for the quarter ended September 30th, 2019 has been uploaded on the Tata Communications website and can be accessed here.
Business highlights | Q2 FY2020
Awards
Partnerships
New launches
CSR
Leadership update
[1]Growth services include IZO™, Managed Hosting, Managed Security Services, Broadcast, Video Connect, SIP Trunking, Global Hosted Contact Center, Video Streaming, Mobile New Services, Healthcare, Media Management and Mobile Innovation.
[2]Traditional services include Virtual Private Network, International Private Line, Internet Leased Line, Ethernet, Internet Protocol –Transit, Inmarsat, Content Delivery Network, National Private Line, Mobility, Data Centre, Unified Collaboration and Conferencing
Ends...
Shahnaz Mansoor (Media Contact) Tata Communications +91 98339 96903 shahnaz.mansoor@tatacommunications.com | Vipul Garg (Investor Contact) Tata Communications +91 (011) 6625 7431 vipul.garg@tatacommunications.com |
Tata Communications is a leading global digital infrastructure provider that powers today’s fast- growing digital economy.
The company’s customers represent 300 of the Fortune 500 whose digital transformation journeys are enabled by its portfolio of integrated, globally managed services that deliver local customer experiences. Through its network, cloud, mobility, Internet of Things (IoT), collaboration and security services, Tata Communications carries around 30% of the world’s internet routes, and connects businesses to 60% of the world’s cloud giants and 4 out of 5 mobile subscribers.
The company’s capabilities are underpinned by its global network, which is the world’s largest wholly owned subsea fibre backbone and a Tier-1 IP network.
Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India, and it serves customers in more than 200 countries and territories worldwide through its technology capabilities and partnerships.
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications’ expected financial position, business strategy, the future development of Tata Communications’ operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications’ network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company’s communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications’ industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications’ control, include, but are not limited to, those risk factors discussed in Tata Communications Limited’s Annual Reports. The Annual Reports of Tata Communications Limited are available at www.tatacommunications.com. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.
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